Sunday, June 25, 2017
Solar Power in India
India's biggest coal company just announced that it is closing 37 of its least productive mines, partly because of competition from solar power. In recent auctions solar companies have been bidding to supply power for record low amounts, as little as 2.44 Rs/kilowatt hour, which works out to about 4 cents. That's with no subsidies. Coal-generated electricity in India costs at least 3.2 Rs/kwh, or 5 cents. The government recently predicted India would generate 57 percent of its electricity from renewables by 2027, far beyond the target set in the Paris Accords.